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Homeowners Insurance

traderzack profile photo
  • Tuesday, June 29, 2004 @ 10:17 PM EDT
  • 6 Comments

I am buying a home wholesale and flipping it retail. Where do I get the home insured while I am closing the retail part of the deal? I only need coverage for 23 days or I could buy the policy and have it assigned to the next owner. :-?

Comments(6)

  • no photo
    HKS29th June, 2004

    will you making repairs? look into a builders policy

  • NC_Yank
    NC_Yank29th June, 2004

    Builders Risk should cover it......however I have been told that a builders risk policies are not prorated.......one anual fee.

    I live in NC as well...my average Builders Risk policy is $350 per year for a 150k amount of coverage.

    NC

  • no photo
    traderzack29th June, 2004

    Thanks I don't think I will be doing any repairs but that could change. It is a good suggestion though.

    Thanks again

  • norrist
    norrist29th June, 2004

    Check with Foremost or with a "dwelling fire" type contract for a short term need...

  • no photo
    traderzack29th June, 2004

    Thank you for that tip I will be calling them or checking online right now.

    Thanks again.

    Dale

  • no photo
    64Ford29th June, 2004

    I checked with Foremost several moths ago, and I don't think they write in NC. : ( I've actually gotten some good quotes from Farm Bureau and Providence Insurance.

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